On this 4H USDJPY chart, we can see a clear bullish narrative unfolding. After a textbook market trap below support, price surged with strong momentum and broke above key resistance — signaling a shift in structure.
Now, price has dipped slightly back into the previous breakout zone, but this move appears to be a bullish retest, not weakness. The 146.50–147.00 zone is critical — and price is currently reacting from this level, hinting at continuation to the upside.
This setup shows strong trendline support, rising volume, and repeat market trap behavior — all signs that bulls are in control and preparing for the next leg higher.
Let’s see how price behaves in this zone — a bullish continuation from here could open the door toward 148.50+.
📊 Share your view in the comments — bullish or still cautious?
📚 For educational purposes only — not financial advice.
Now, price has dipped slightly back into the previous breakout zone, but this move appears to be a bullish retest, not weakness. The 146.50–147.00 zone is critical — and price is currently reacting from this level, hinting at continuation to the upside.
This setup shows strong trendline support, rising volume, and repeat market trap behavior — all signs that bulls are in control and preparing for the next leg higher.
Let’s see how price behaves in this zone — a bullish continuation from here could open the door toward 148.50+.
📊 Share your view in the comments — bullish or still cautious?
📚 For educational purposes only — not financial advice.
Trade active
Active Bullish Setup on USDJPY (4H)Price has completed a successful breakout and is now retesting the prior resistance-turned-support zone (146.50–147.00). This is a typical bullish continuation setup following a market trap.
Trade Idea:
📈 Buy Bias Active while price holds above 146.50
🎯 Short-Term Targets:
* Target 1: 147.80
* Target 2: 148.40
* Target 3 (Stretch): 149.00
🔒 Invalidation Level: Clear break and hold below 145.30
Risk management is key.
Note
USDJPY is currently retesting the 146.50–147.00 zone after breaking out of a key resistance, following a textbook bullish trap. Price is holding above the 21 & 50 EMAs, both sloping upward, supporting momentum. The breakout-retest structure, combined with bullish wicks and rising volume, signals a likely continuation toward 147.80, 148.40, and possibly 149.00. A break below 146.30 would invalidate the setup. Structure, EMAs, and price action all point to a buyer-controlled market. Educational analysis only – not financial advice.Trade closed: target reached
Update: 🎯Our USDJPY bullish setup has successfully completed its projected move — price rallied from the marked entry zone at 146.431 all the way to the final target at 147.401. This move was driven by a clean breakout above resistance, a retest confirmation, and a market trap reversal setup that played out perfectly. With structure, volume, and momentum aligning, the price respected every level on the way up. Traders locking profits here have executed the plan well. We'll now monitor for continuation or a fresh breakout above 147.40+.
📈 Robert FX Assets | Verified Forex Analyst
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel: t.me/RobertFXAssets
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel: t.me/RobertFXAssets
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Robert FX Assets | Verified Forex Analyst
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel: t.me/RobertFXAssets
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel: t.me/RobertFXAssets
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.